Magallanes

Magallanes is a small, strategically located property along the highly productive Paleocene Mineral Belt in northern Chile that contains numerous important gold, silver and copper mines and projects. One main vein on the property, the Veinticinco Vein, has been worked to shallow depths by artisanal miners in the past. Several other vein structures cut across the property.

Location
  • Northern Chile, 95 km ESE of Antofagasta
  • 50 km N of El Peñon Mine (Yamana Gold)
Ownership
  • 100% Austral Gold
  • Revelo retains a 1.0% NSR royalty interest (uncapped)
Property Size
  • ~ 1,000 Ha
Deposit Type
  • Low Sulphidation, Epithermal Gold-Silver Veins
Infrastructure
  • Easy access – short drive from main Antofagasta-Escondida road
  • Modest altitude of approximately 1,800 m